Wall -Rate becomes bulling after two stormy quarters

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These concerns and burnout of other factors – inflation, income disappointment – have led to unsuccessful performance for shares this year. A Nifty 50 So far, this year, the investors have increased by the side move to the landmark in May with a sigh.

But the tide can turn if the analysts on Wall -Rate and investors will be bullish.

The Indian market is currently one of the most expensive in the world, trading over 20% of contributions to a 20-year average value for profits (P/E), which limits the potential for significant refined landmarks, CLSA analysts reports.

“After the recent rally, the Indian market has increased again to become almost the most expensive market in the world,” said CLSA Vikash Kumar Jain in the client’s note.

Goldman Sachs strategists repeated this moment by saying Msci india The “doesn’t look favorable” index, even when adjusting for stronger growth potential.

Wandks in Morgan Stanley accepted a similar view of the recent stock market performances.

“SINCE SEPTEMBER 2024, The Market has Digested An unprised amount of Bad News-Excessive Valuations in (Small and Mid-Cap) and a Sharp Correction in the Broad Market Pointing To. Tariff-Related Volatility and a Major Terrorist Attack Along with India’s Response with The Large-Cap Indexes About 5% from All-Time Highs and Almost Negligible Changes in Implued Volumes Ridham desai.

Norma Saion Mukherjee analyst also noted that most companies win expectations for the last quarter, but only because expectations were significantly reduced.

However, each of these market participants in the last couple of weeks has become bull.

Goldman Sachs raised the target price for Nifty 50 to 26 200. Nomura sees the index in 26 140.

Even long -standing cautious bears, such as Venugopal Garre Bernstein, who was the warnings of investors over the rich estimates in small and middle sectors (SMID), now rethink their forecast.

“They were in the bubble zone for a while – the moment we never hesitated, saying,” Garre said. “The reality is this: Smid bubbles have released a lot of foam and is widely rated according to a recent history. Not cheap and not overly.”

And these are not just strategists, analysts and advisers. Money executives also repeat the same moods.

“A lot of people look at India and said,” Gosh, the evaluations are huge, “said Andrew Dalrimpl, Chief Investment CEO Abrey Capital Management.” If you have received this opinion, you never buy Indian capital. You would miss a huge opportunity in the last five years. “

Aubrey Global Emerging Markets Strategy, which manages more than $ 500 million assets, has 35% of its fund, allocated to India, its largest distribution.

“We try to coordinate the estimate of the price increase to the price increase and to say when we look at the Indian company, it can nominally have such high p/e, but then we say that it is justified by the cost of the price we strive to retain less than 1.5 times,” DalrimPL added. “And so we find that we have managed to use some extremely successful, very, very profitable investment opportunities over the years.”

Dalrymple’s feelings are also displayed in the data. Over the past two months, foreign institutional investors have been clean buyers of Indian shares. However, it is from a low base, which indicates a significant fracture in the perfect scenario.

Morgan Stanley said that “the positioning of foreign portfolios is the weakest because we had data in 2000, and there are early signs that their view of India is changing.”

Against the background of all sudden bullishness, however, many investors have learned something or two over the last year and are approaching with caution.

“This will probably be the stock collectors market, unlike the fact that it moves from top or macro factor since Covid Pandemic,” the customer’s note in the note on June 2.

Finances that are often regarded as a nation’s future are favorite among many.

In the space of the big hat, Bank Axis was the main choice for Nomura and Goldman Sachs, with ICICI BANK Saw Morgan Stanley, CLSA and JP Morgan favorably.

India’s economy is expanding more than expected. The gross domestic product in the quarter ended, grew by 7.4%. This figure is significantly higher than 6.7%expected by the Reuters economists, and the fastest quarterly expansion rate for the 2025 fiscal year, reports Government data published on Friday. For the full financial year, India’s economy increased by 6.5%, according to Government’s assessment in February.

The US authorities are reportedly investigating Adani. The Prosecutor’s Office of the US prosecutor’s office in Brooklyn is considering whether Gautam Adani will import liquefied oil from Iran to India, The Wall Street Journal reports. ADANI’s press secretary “categorically denies” the allegations.

India’s reserve bank is expected to reduce the rates twice more. This is, according to Chatan Ahia, the chief economist of Asia in Morgan Stanley, who said that the IRB should be comfortable with two more speed reductions In today’s economic climate, because “India’s growth conditions will still be smart” and inflation will probably remain below 4%.

Air travel by Indian citizens can cause the aviation industry quickly. India – this The third largest air carrier market in the worldCEO of Air India Campbell Wilson told Monica Pitrelli CNBC at the World Air Transport summit last weekend. “So, when the Indians start traveling … with China’s intensity, it will absolutely explode at the international level,” Wilson said.

– Yeo Boon Ping

A Nifty 50 This week remained absolutely equal. The index increased by 4.7%this year.

A 10-year-old Indian government’s bonds in India has moved below 3 basic points compared to last week.

This week, CNBC Anubhuti Sahay, head of Economics India Economics in Standard Chartered Bank, said that the economic expansion in India was “much higher than any of us waiting for” pure indirect taxes. However this number can “continue to hesitate” and eventually fade, so The gross domestic product of India is likely to return to a trend of 6.5%. The full year of the bank’s forecast for the financial year in India in 2026 is 6.6%.

Meanwhile, the President of Apec Marriott International Rajeev Menon said India is “one of the most strategic markets in the world” for the hotel network. Menon noted that the growth of occupancy is due to secondary and higher cities, as well as the demand from big cities, such as New Delhi and Bangalore, which suggests Growing the middle class of India This is an opportunity for profit for business.

– Yeo Boon Ping